Green Week 2016: Green Fiscal Policy Network Partner Event

31.05.2016 | How can fiscal policies support the implementation of the Paris Climate Agreement? This was the central question at the event “Making Paris Happen: The role of fiscal policies for the low-carbon, inclusive green economy’, which was organized by the Green Fiscal Policy Network and took place as a EU Green Week 2016 Partner Event on 31 May at the United Nations Office in Brussels.

The event examined the role of carbon pricing and green fiscal policies in implementing the Paris Climate Agreement and delivering the Sustainable Development Goals (SDGs) because green fiscal policies are among the key tools needed to limit global warming to well below 2oC and mobilise financing for climate action. More than 90 countries have included some form of carbon pricing or other fiscal policies in their Intended Nationally Determined Contributions (INDCs). The Paris Climate Agreement paves the way for the further development of such market-based mechanisms. This growing momentum needs to be translated into further action.

The opening of the event by Steven Stone (Chief of the Economics and Trade Branch of UNEP’s Division of Technology, Industry and Economics) was followed by a keynote speech of Hans Eichel (Former Finance Minister, Germany 1999-2005) and a high-level panel discussion with Mary Veronica Tovšak Pleterski (Director for European and International Carbon Markets, DG Climate Action, European Commission), Michael Grubb (Professor of International Energy and Climate Change Policy, University College London), Ian Parry (Principal Environmental Fiscal Policy Expert, Fiscal Affairs Department, IMF), and Guillaume Sainteny (Professor, Agro ParisTech).

You can find a summary of the event, as well as more information about the speakers and the keynote speech on www.greenfiscalpolicy.org.

About the Green Fiscal Policy Network

The Green Fiscal Policy Network is a collaborative effort between UNEP, IMF and GIZ, supported by the International Climate Initiative (IKI) of the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB). It facilitates knowledge sharing about fiscal policy reforms for a green economy transition.